Golden Entertainment Inc (GDEN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 112,920 | 123,441 | 440,422 | 461,829 | 414,337 | 427,515 | 138,858 | 147,711 | 147,947 | 147,015 | 157,185 | 172,555 | 166,040 | 130,440 | 94,667 | -27,247 | -67,439 | -55,825 | -55,393 | 20,582 |
| Total assets | US$ in thousands | 1,079,910 | 1,101,580 | 1,181,220 | 1,501,930 | 1,513,070 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 |
| Operating ROA | 10.46% | 11.21% | 37.29% | 30.75% | 27.38% | 27.68% | 9.29% | 9.85% | 9.81% | 9.50% | 10.16% | 10.76% | 10.28% | 7.93% | 5.69% | -1.69% | -4.29% | -3.47% | -3.41% | 1.08% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $112,920K ÷ $1,079,910K
= 10.46%
The operating return on assets (operating ROA) of Golden Entertainment Inc has fluctuated over the periods provided in the data. Starting from March 31, 2020, with a relatively low operating ROA of 1.08%, the company experienced negative operating ROAs in the subsequent quarters until June 30, 2021.
From June 30, 2021, Golden Entertainment Inc started to show positive operating ROAs, which increased steadily through September 30, 2021, and peaked at 37.29% by June 30, 2024. However, there was a significant decline in the operating ROA by September 30, 2024, dropping to 11.21% and further decreasing to 10.46% by December 31, 2024.
The overall trend indicates a substantial improvement in operating ROA in the later years of the data period, albeit with some fluctuations. It is essential to analyze the factors driving these changes in operating ROA to understand the company's operational efficiency and profitability levels effectively.
Peer comparison
Dec 31, 2024